The gas shipping sector achieved its 50-year record due to exceptional safety standards. Human error and regulatory assessment continue to cause gap in developing standards and regulations. Safety issues pose as serious risks...

International Seaways is installing 7 scrubbers on their fleet while Ardmore buys new ships. Altogether 10 VLCCs are up for the installation of which 7 will be done by 2020 and rest in...

The IMO’s 0.5% sulphur cap, to be imposed in January 2020, could be a “blessing in disguise” for shipping lines, should the regulatory fallout finally end the industry’s elusive search for supply and demand...

Summary A large bulk carrier was approaching a laden oil tanker in a traffic lane of a traffic separation scheme. With a speed of 16kts, the bulk carrier was the overtaking vessel, and as...

The Standard Club's chairman Jeremy Grose has issued a circular on the warranty of seaworthiness to all its stakeholders. Continuing warranty of seaworthiness The managers are aware that, from time to time, owners/members have been offered contractual...

Israel may get the biblical Noah’s Ark. Not the original one but a reproduction of it.However, it might take more than 40 days and 40 nights to reach Israel, says a story published by...

In a major development, Kuwait Oil Tanker Co. (KOTC) has ordered three giant liquefied petroleum gas tankers (LPG) from Hyundai Heavy Industries, reports Reuters. The deal was made at a cost of $213.3 million,...

On November 25, China's research ice-breaker Xuelong entered a floating ice area in the Southern Ocean as a precautionary measure to avoid a cyclone. What happened? The ice-breaker 'Xuelong' ventured into an ice area that is...

M/v Alcmene will be chartering US$11,500 per day for the next 11 -14 months from 21 November 2018. The new developments are set to generate a gross revenue of US$3.8 million. The Company’s...

Highlights Price advantage yard owners hoped got nixed as Green recycling not insisted. Rate for recycling ships ranges between $420-430 per LDT. HKC-compliance yields no monetary benefit. Extra benefit hoped with EU certification. Alang’s green...